XPND Capital's second fund raises $37 mln with IQ commitment
Investissement Québec (IQ) has committed $10 million to the XPNDCroissance Fund, the second fund of Canadian growth equity firm XPND Capital. The commitment brings the fund's total capitalization to $37 million. XPNDCroissance Fund, which is ear-marked for investments in Québec-based companies that operate in sustainable transportation, innovative industries, technologies, and media and entertainment, is expected to reach $70 million by the end of 2015. Montréal-based XPND is led by Managing Partner Alexandre Taillefer. The firm's prior investments include Lumenpulse Inc (TSX: LMP), an LED lighting solutions provider that went public last year.
26 October 2015•3 mins read
